July 26, 2019 12:00 PM PT

Chase Sapphire Checking Promotion

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Is Chase Sapphire banking bonus worth it? Get the requirements and see how to qualify.

Promotion

Here is what you need to know about the Chase Sapphire Banking bonus offer:

  • Credit Report Impact: Soft pull
  • Monthly Service Fee: $25
  • Deposit Requirements: $75,000 of new money
  • Closing Account Fee: Loss of bonus if closed within 6 months of account opening

Keep reading to see if you qualify for the bonus.

Requirements

Here's what you'll need to do:

  1. Open a Chase Sapphire Banking Account.

  2. Transfer $75,000 of qualifying new money to any combination of eligible accounts within 45 days.

  3. Maintain $75,000 balance for at least 90 days from the date of funding (gains, losses, or market fluctuations will NOT be considered when determining your balance).

  4. Bonus is credited to your account within 45 days after the balance has been maintained

Chase Sapphire Banking charges a $25 monthly service fee. You can avoid the fee by maintaining a minimum daily balance of $75,000 across a combination of qualifying deposit and investment accounts.

How to Qualify

Existing Chase Sapphire Banking or Chase Private Client customers are not eligible for this offer. Keep reading to learn other eligibility and sign-up requirements.

Existing Chase Checking Customers
If you're looking to upgrade to the new Sapphire Banking, you'll need to visit a Chase branch to do so. But head to Chase's website and enter your email address to get your offer code first. Take your code to a local branch to upgrade your account.

New Chase Customers
New Chase checking customers are eligible for this deal automatically. You can open an account either online or at a physical branch. You'll be asked to provide some personal identification information, such as your date of birth, SSN, and address.

New money cannot be funded by accounts at J.P. Morgan or its affiliates. Qualifying accounts can include up to 9 personal accounts, including personal checking and savings, and Chase liquid cards.

Benefits of Chase Sapphire Banking

Chase offers premium benefits to their Sapphire Banking customers, including free ATM access worldwide and no foreign transaction fees. Keep reading to learn about more perks.

No Wire Transfer Fees
Chase will cover the costs associated with incoming and outgoing wire transfers when you use their Sapphire Banking.

Commission-Free Online Stock and ETF Trades
Chase Sapphire Banking qualifies you for the Premier Pricing tier on J.P. Morgan's new You Invest platform. You'll receive unlimited commission-free online stock and ETF trades (other regulatory transaction fees may apply). And there's no minimum to start investing.

You Invest is a low-cost, app-based investment tool built into Chase's online and mobile banking platforms. It allows you to manage your investments by researching and trading stocks, bonds, mutual funds, and ETFs online.

No Insufficient Funds or Returned Items Fees
You won't be charged for insufficient or returned funds (up to four times in a 12-month period).

Premier Relationship Rates
Chase Sapphire Banking can boost your interest rates on linked savings accounts. To qualify, you must make at least 5 customer-initiated transactions during a monthly statement period using your linked checking account.

Entertainment Benefits
You'll have special access to sports and entertainment hospitality lounges. You can also take advantage of early ticket sales and special seating at sporting and other entertainment events.

Higher Withdrawal Limits and Purchase Limits
Your Sapphire Banking Debit Card will have a $7,500 daily purchase limit and higher daily withdrawal limits. Here are the daily withdrawal limits:

  • $3,000 for in-branch ATMs
  • $3,000 for other Chase ATMs
  • $1,000 for non-Chase ATMs
  • $2,000 for non-Chase ATMs if the account was opened in CT, NJ, or NY

Dedicated Customer Service
With Sapphire Banking, you'll have a dedicated banking phone number to call (1-888-26CHASE). Plus, you can rely on Chase's banking, home lending, and small business specialists for all your financial needs.

Bottom Line

Chase's new premium checking account comes with its fair share of perks. Plus, you won't worry about fees for:

  • Insufficient funds
  • Returned checks
  • Wire transfers
  • Foreign transactions
  • ATM access worldwide

This combination makes Chase's offer difficult to resist.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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Is Chase a Good Bank

Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you.

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